tv Cavuto Coast to Coast FOX Business October 18, 2021 12:00pm-2:00pm EDT
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not fully cooked. but even so, it really is very, very good. trying to speak here with my mouthful which is something my mother told me never to do but nonetheless i think bottom line for me, this is an 8.5. i think that is very high on dave's scale but i will give it a 8.5. i bet he will come meant on it tomorrow. neil, it is yours. neil: you didn't eat it with a fork and a knife. stuart, thank you very, very much, my friend. we're a draw between buyers and sellers right now but much of the investment world, much of the general world, remembering a secretary of state in the end was his own man. you heard colin powell was dead of 84. died of covid we're told even though he was fully vaccinated. we'll get to that in a second. jennifer griffin at the impact
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of colin powell, neil? reporter: neil, ask anyone in the pentagon and u.s. military about the reaction to the death of colin powell, and one word comes to mind, integrity. the first black national security advisor, the first black chairman of the joint chiefs and the first black secretary of state. colin powell broke barriers and made history. a soldier for 35 years. he was remembered for the powell doctrine during desert is storm, the first gulf war. as joint chiefs, at the pentagon is vital national security issue threatened? do we have a clearly attainable objective? have the risks and costs fully been anized, is there a plausible exit strategy to avoid endless entanglements? have the consequences of our actions been fully considered? is the action supported by the american people? do we have have a genuine broad international support.
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powell told then secretary of state madeleine albright, in the balkans that u.s. troops should not be used as toy soldiers. there was the pottery barn rule, you break it, you own it, a tough lesson that the u.s. learned after invasion of iraq and u.s. military ignored the powell doctrine did not have exit strategy. born to jamaican immigrants, powell joined the rotc at city college of new york and served two tours in vietnam where his world view was shaped. training in fort benning in georgia he experienced racism. he ways injured in vietnam forcing an early end to the tour. rose through the ranks and as made attorney general by ronald reagan. despite deep skepticism about the iraq invasion he presented pure or the to h ported intelligence that saddam hussein had wmd to the united nations. he had deep skepticism about the
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intelligence and had regrets about that mistake. defense secretary lloyd austin traveling in eastern europe issued the following statement. >> the world lost one of the greatest leaders we ever witnessed and i lost a tremendous personal friend and mentor. he has been my mentor for a number of years. he always made time for me and i could always go to him with tough issues. he always had great counsel. i feel as if i have a hole in my heart just learning of this and it will be quite frankly it is not possible to replace a colin powell. we will miss him. reporter: powell passed away this morning at walter reed from complications of covid-19. we understand he was being treated for a blood cancer at the time. he was fully vaccinated neil? neil: thank you for that very, very much, jennifer griffin.
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robert charles, former bush deputy secretary of state and former bush staffer, served under powell as well. robert this must be a tough day for you, a man you greatly admired as secretary of state. a man who could have run for president but never did. did you ever know the reasoning for that? >> you know, thoughts running through my mind, neil, saying yeah, there were complicated, i think to answer your question directly i think a lot of factors influenced that decision and i think he was a, there were certain things you didn't discuss in depth with secretary powell. you might discuss them on the periphery but not at great depth that was one of them. he was a arch professional. he was a man who believed in this country to the end of his days and i think he just concluded that it was the wrong time, the wrong mission. he had other missions. he fulfilled all those other
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missions. i will say colin powell is honestly what we should all want to be. he made you feel like he was your best friend. he did that for 10,000 people. he was balanced, principled, calm, compassionate. he was a patriot. he was an incisive leader. i sat 450 days in a row with him. we discussed everything under the sun and a lot of things under the personal side and he was the living embodiment in my view of the american dream. we should, i could tell you stories but i think we should remember that there are people like him who even in memory should guide us to being our bestselves. that is who he was. you know, he god, i could tell you 100 stories. my daughter at the time was three or five, went out and picked apples, wanted to give him to colin powell. be a good dad i brought them in. we met every day. i brought them to him and he was grateful.
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we had a lot of things going off that day, iraq, afghanistan, all kind of stuff happening, by god at 10:00 that night he had a handwritten note to her, very personal, it was the kindest thing in the world. on another occasion, just a story, you know, the state department has buildings all over washington, d.c. we have buildings that are outside main state and one day a lady came over who was coming to a meeting with me and she looked very confused or bemused. i said what's up? when colin powell first got here he walked around all these buildings, all these halls, met thousands of people intentionally, shaking our hand, asking us our names, asking us about our kids. i haven't seen him for two years. we don't bother him. he has an open door but we're doing our jobs and we're inspired to do them. she said i bumped into him coming in the hallway over here and he asked me by name how my three kids were doing. now that is magic. that's magic.
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that is a true leader who cares deeply about his people, about life and about the mission. neil: i think sometimes when someone passes away you remember the little things. you mentioned the notes he would write. i remember having him on number of times after the years, and i would write a note after a guest appeared, i wouldn't you know, i got a note from him thanking me my note. one upping mee on my note. this was a sign of character of colin powell. over the years, the weapons of mass destruction testimony before the united nations, before congress, was something really bothered him deeply, still that not withstanding when it came funding the war on terror was eager to lead that charge. this is going back to 2002 from a conversation when things were really beginning to rev up in afghanistan. i want your thoughts afterwards, robert, colin powell. sir, i would be remiss if i
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didn't mention afghanistan, passing a pretty big tin cup, looking for $45 billion. how doable is that, how much will the u.s. pay? >> we'll all have to contribute to afghanistans not even reconstruction, but construction in the first instance. this is broken country. everyone comes over there comes back with the same tale. everything, everything is needed. police force, a military that functions, a health care system, fresh water, housing education, you name it. so the international community has a lot of work to do. neil: do you know, robert, his thoughts, the way we got out of that afghanistan on, and our exit? >> i don't know his thoughts. i haven't talked with him in the last few weeks. i will say that i set up all the police training at his direction in afghanistan. he cared deeply about doing it right, getting it done right. i think he would have, there was a republican or democrat really
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wouldn't have mattered, he would have wanted us, and want us now to do what is right. i will just say this, neil, i'm backing out 20,000 feet here to say this but you know in this time when we don't seem to be able to talk to ourselves, we're divided in ourselves all kinds of ways, every directional, every direction on the compass seems to be equal and opposite, we're all dividing on ourselves, that was the opposite of colin powell. coal lynn powell always found a way to forgive, always found a way to listen, always found a way to talk. we were in constant talk with rumsfeld about issues in iraq and afghanistan and i heard a bad word out of his mouth about any them. he said we are on a mission, to serve the greater good and greater good expected for the united states of america and i expect that with you. none of us ever fell out of line. imagine that, foreign officers,
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political servants, political people all pulling in the same direction with president bush and secretary powell. i will say this he was an a man of enormous heart, heart and humility and leadership with incisive wisdom. there are fun, funny stories. he would, he did some very funny things behind the scenes and the man you saw publicly was also the man that existed privately, but you know, he, gosh i could tell you stories. he made you love at a time of stress and that made you realize, yeah, there is an answer. this is going to pass. we need to focus on the mission. we need to support each other. we need to get it done. god knows this is a man who represents the best of all of us, neil, race has nothing to do with it. never heard a word out of his mouth about race. it was all about getting the thing done, supporting your team, being one, one nation on one mission for the betterment of mankind.
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neil: you know one quick thought too i just want to get your take, the fact he would not always slavish always to republicans. he famously bolted in 2008 from john mccain who he had great reguard and great respect supported barack obama. he did so four years later. thought donald trump was not a fan, a danger to democracy. said all of this kind of stuff. he was unpredictable. i don't think anyone was holding that against him. in the divisive times he is his own man or was, is reminder there are some things bigger than party. >> i mean look, neil, what you just said is beautiful in a way because it is about, he used the first amendment because he believed in the first amendment. he believed we should all be our own men and women. he believed we should all step up with integrity, share our
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views, listen to the other person's views, very much like the founders, when they broke out into the committee of the whole trying to figure out how to put the bill of rights together, they never criticized each other for changing their minds and colin powell always tried to direct but was always interested in listening, not listening just to listen but listening so maybe he had missed something. maybe we needed to do it together, maybe we needed to figure it out. i will tell you, he was a man of both heart and mind and we will not see his likes again soon. he was a true american a patriot, was the living embodiment of the american dream, somebody i not only admired but in a sense, in a sense, as i think so many americans did, really, really loved that man. he had a awful lot about him that was so good for all of us. neil: what i seem to remember, and i want to thank you, robert, so much, you've been offering insight to fox news and fox business in a room it, was colin
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powell saying the least. he talked the least. he listened the most. there is some wisdom in that. robert charles, i want to thank you very, very much for remembering. a great man. indeed he was. colin powell is dead, and what is raising questions here he could die of covid getting fully vaccinated there is a backstory for this. he was battling cancer sometime back. could that have compromised his immune system? could that have compromised the effectiveness of the vaccine he was taking? dr. marty makary, author of the price we pay, johns hopkins university professor of public health. doctor, good to have you, when we hear of a break-through case involving this big after public figure people start getting worried. what do you make of it? >> sure, neil this is a high-profile death after being fully vaccinated. i think a lot of people will question the vaccine. i think it is important to remember the vaccine was never
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designed or observed to be perfect. always known there is small risk of severe cases or death after being fully vaccinated. the cdc said there are 7,000 breakthrough deaths clustered with a people with a lot of risk factors. unfortunately colin powell had those. he was 84. two cancers, multiple myeloma. which is immune compromised state and that does increase the risk significantly. neil: if you have a compromised state, battling cancer or other ailments, does this reframe the effectiveness of the vaccines, doctor, or what? >> vaccines are not a force field. it is not like a a bug zapper where people are completely protected t brings up the point in those particularly vulnerable a booster may be effective. maybe they need extra precautions in addition to being vaccinated. natural immunity is better. no indication he had natural
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immunity, maybe in his situation, there is really no perfect solution reducing risk down to zero which unfortunately what is the expectation people have with vaccinated immunity. also there are therapeutics out there. one frustration when i learn of any covid death today especially if it is an american hero did they get compassionate use of molnupiravir cut risk of death. fda not issued any compassionate use. there are a lot of therapies out there. i'm sure he got very good care at walter reed. they have excellent physicians but we do have a lot of of therapeutics out today, it is unclear if everybody is getting offered these medications. neil: real quickly, doctor, we talk about possibilities out there, other treatments, whether you need a booster shot or what have you. now they are weighing the possibility of mixing and matching various vaccines out there.
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how do you feel about that? >> yeah, i think it makes sense. it always makes sense physiologically and the data supports that and final point we would say colin powell died of complications of covid-19, may have not been directly from covid-19. so may have been a complex medical situation. neil: very good seeing you again, dr. marty makary on all of that. let's take a quick peek at the corner of wall and broad right now. a bit of a standstill. earnings roll in. economic news better than expected, for example, what is happening on the housing front but there are worries like inflation and all of sudden new tension with china and the fact it pull ad sputnik today surprised the world with technology we didn't even think they even had after this.
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♪. neil: we always talk about the global supply chain disruption. a lot of people focus on what is happening out on the west coast but pretty much anywhere you have a port, certainly a big port, you're seeing this in real time as is our jonathan serrie following developments right now, the port of savannah,
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georgia, where he joins us now. jonathan. reporter: hi, there, neil. they are extremely busy in and outside of the port of savannah. right now i'm at howard shepherd, which is a trucking company that services some of the operations at the port. you can see all the shipping containers behind me. there are several rows of them behind me. we're told they contain sort of a balance of imports and exports but are just waiting to be picked up by trucks. let's go now to our live aerial shot from our fox flight team drone. you can see all the activity at this truck depot, while truckers are working to resupply inventoriries that were depleted during temporary pandemic shutdowns and a dramatic increase in consumer spending. >> everyone wants their stuff now. it was shut down for a couple of months. so there is greater demand on the trucking industry than there was before the pandemic and there are fewer truck drivers than there were before the
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pandemic, so that has created a real bind. reporter: many older truck drivers retired during the pandemic. a booming construction industry is it luring away younger drivers and it is a hard business to get into fresh out of high school because federal regulations require commercial truckers to be at least 21 before they can drive across state lines. then drivers face inefficiencies in the process of transferring cargo on and off their trucks. >> the problem with long haul trucking is not when you're on the road, it is when you have to drop it off, you have to wait three hours to unload something or wait to get it picked up. reporter: neil, researchers at mit, they crunched the numbers, they came up with an estimate of 12 minutes. if you can make the process 12 more minutes efficient for every trucker in america, in other words, 12 minutes less time just parked, unloading or loading
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cargo and 12 more minutes actually driving that cargo on the highway you would no longer have a driver shortage, neil? neil: amazing. it is an interesting statistic. jonathan, thank you very much, jonathan serrie, following all the developments. whether it is 12 minutes, 20 minutes, 30 minutes, our next guest says right now it is problematic for his industry, the huge restaurant concern, right now legendary restaurant brands chairman, paul. he has bennigan's, stake and ale. he is feeling a significant pinch between the labor shortage, higher prices you have to deal with. how do you deal with it, paul? >> well, first of all, so good to see you my italian friend. neil: same here. >> i so enjoyed, i so enjoyed the show on friday with the fascination with adele. she is on tour with all the
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bennigan's restaurants, we're paying her in monte chris toe's, not bitcoin. neil: that is the single best sandwich. but i digress. please continue. >> listen, the inflation, the supply chain disruptions, these are treacherous because nobody really controls it. so what can you do about it? and in our case we looked internally to one, our people. you know, we talked a lot about turnover but how about retention? as a matter of fact my senior vice president of operations sean is spending 34 years today is his anniversary with bennigan's. so the intellectual capital of our teams and our franchise partners is critical getting us over these humps. we recently signed a deal with ries kitchens based here in miami. we're looking at their delivery vessels they call them, where we
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can bring our product literally to thousands of points of distribution both domestically and internationally but beyond that we're looking what can we do for, what can our government, our administration do? president biden asked for leadership and we're certainly looking for it. for example, there is insight into, providing some insight into, there is an economic injury disaster loan. it takes literally months and months and months before they review our applications. they're talking about raising taxes. they should be lowering. the sba has not been coming to our aid. we should have another round of ppp or take a look at some of the revitalization programs or funding done under the trump administration just to be released. it was already approved. these are some of the things we can do, in addition to the people, the passion, the fun and the, you know the prestige of having well-known brands as you
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already know and fighting the good fight as we go through these vague you are -- vagaries of our business have never been as acute. neil: how are your customers dealing with these vagaries? waiting longer to get served or paying higher prices to boot? >> well on one size of an operational size, we taken a look at addressing and adjusting our operating hours. in some areas we are closed on a monday, for example. or we do dinner only a couple days so have better utilization of teams that we have. from a consumer view, thank god we have the pent-up demand out there for our great food and it is well-known but on the other side i see operators that are assessing the surcharge to their guest check and they're not providing service. they're not, as they get new people, they're not training. so what they are doing, they're eroding the very fabric about of
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their culture or, or brand capital they're known for. that is one of the things we're not doing and we're preserving the, not only the intellectual capital we have as part of our teams but we're also plea serving the passion that we have for our people. you got to make it -- herb kelleher said great, what made southwest so successful? he said fun and love. if you add passion to that and applied to business principles, do training, do recruitment, and wait on people's standpoint you cannot only take care of your guests, insure the loyalty and repeat business, but you have greater retention of people already on your teams. i give our franchise partners so much credit because we've not closed one restaurant through the last 18 months. we haven't closed one restaurant. in fact the prospects for growth look better than they ever have. stuart:
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neil: that is very good to hear. if herb kelleher had your food all the stuff happened years after he left it might be a moot point. great to see you, paul, thank you very much. the legendary restaurant brands chairman and ceo. it is the spirit you put forward and the food you put on the plate. in the meantime here we heard some developments out of china today, people of certain age might liken to a sputnik moment, that moment you realize a big competitor on earth is rivaling anything you thought they could do on earth after this. ♪ ♪
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(judith) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different.
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♪. neil: well we always suspected china was beefing up its defenses but we had no idea they were well along with a hypersonic missile that can fly at a low orbit. no other country on earth has this advanced technology or this amount of presumed accuracy. we'll get into that in just a second. suffice it to say, china surprised with us this. let's get the very latest on all of it from david spunt at the white house. reporter: neil, five times the speed of sound specifically with a hypersonic missile. the difference between a hypersonic missile and ballistic missile, hypersonic missiles can be maneuvered, manipulated monitored, whatever you want to say once they are flown into space so it makes detection a little bit more different. in this particular case u.s. defense officials on the record are not commenting on this. i will get to defense secretary lloyd austin in just a moment. chinese officials when asked about this they are just not responding. they're saying they don't have a comment and are denying this
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specific report chalking it up to spacecraft. this is according to a report in the financial times out yesterday that china tested a nuclear capable hypersonic missile two months ago in august. a report says u.s. intelligence official were completely gone off-guard. the chinese officials say this was a spacecraft test, not nuclear capable supersonic missile. this is the natural competition between both nations when it comes even specifically to technology. secretary of defense lloyd austin overseas meeting officials in the country of georgia was asked about the alleged missile. listen. >> what i can tell you is that we watch closely china's development of, of armament and advanced capabilities and systems that will only increase tensions in the region. you heard me say a number of
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times that china is my facing challenge and we'll remain focused on that and i will leave it at that. reporter: republican congressman mike gallagher from wisconsin wrote, this test should serve as a call to action f we stick to our current complacent course or place hopes in bankrupt buzzwords integrated deterrents we'll lose the new cold war with communist china within the next decade. chinese officials announced they were boosting their budget by $208 billion with a "b." that is almost a 7% increase from the year before. neil? neil: david, thank you very much for that. for those of a certain age this might be china's sputnik moment. in 195, the fall of 1957 the u.s. was shocked to hear that the then soviet union had a satellite circling the planet. a few years later they would add insult to injury at least to american pride by announcing the first man in space, yuri
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gregoran. the stunning development that china has this advanced technology to make a hyper sonic missile with incredible accuracy it scares them all over again. should it scare us? congressman dan meuser of pennsylvania is kind to join us now. congressman that wasn't something we think they apparently could do, what do you make of it? >> what i think of it we were guilty of wishful thinking and victims of it. as a matter of fact the u.s. has been victims of wishful thinking related to china for 25 to 35 years now. michael pillsbury wrote a book, the 100 year marathon where it expresses that well. what we have to do, we have to face things as they really are and not as we want them to be and on the military track that is one area. china is destined to have a larger navy than us very shortly. i only came into congress three
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years ago. the first thing i went over at the pentagon we learned how china, russia to an extent ahead of us in space and ahead of us in cybersecurity. we have to face the realities and look after america's national security interests, neil. as you just stated, they're, china is raising their budget by 8%. ours, they're fighting against us even in this reconciliation bill, every other huge spending bill, democrats there is no increases in our defense systems. neil: you know, might come down to the simple difference china has money, we don't. we have massive debt. not to say they can't hide money but they have a lot of it and it comes in from all over the world. hence why they have such a huge surplus with every country on earth, ours included most notably. that is the currency they use to beat things up. i mean they are pouring more into their space program, for example, than all other nations combined. what are they up to?
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>> well, they're playing a little bit of a financial game there and we see that on occasion. they are certainly very, very aggressive for growth but, neil, they are unbelievably controlled society, right? they don't look after, they don't have entitlement programs. they don't have a huge social welfare system that we have and we better watch it, if we keep expanding that end of things and don't expand our business, our economy, our private sector, our military, we have to wake up. it was clear with covid where china, where the ccp largely is. very, very indiscrete to say the least. i mean hiding, won't provide information. trade, we're running huge trade deficits with china as we speak. taiwan, our ally, we're really relatively silent yet china has all kinds of threatening issues going on over there and the belt and road around africa, europe,
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eastern europe. virtually, i'm on foreign affairs, every country i talk to tells me china is making investments. united states has to look after our interests. china will sure look after theirs. when their interests infringe with ours, neil, we have to take that very seriously. neil: indeed. getting the world's attention. congressman, we'll see what happens here. meantime we're not only following the markets but more specifically what is going on with bitcoin racing ahead. even though not all the cryptocurrencies are. it will be exchange traded fund dabbles in futures, more to the point set to launch tomorrow. that is a game-changer. we'll tell you why after this. ♪. if you wake up thinking about the market and want to make the right moves fast...
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♪. neil: all right. so far opec and opec plus countries as they're called are kind of keeping production levels where they are. there had been some hope expressed by the world that needs their oil that they would be boosting production to deal with that demand. so far no signs that folks like vladmir putin of russia, one of the opec plus key members is yielding to that. it is an odd position for the united states to be in. a year ago at this time we produced so. of our own oil we really didn't give a rat's patut what they were doing. different times right now. daniel turner, with the power, future, ceo energy advocacy group among other things. daniel, this is a weird position for us now. we've grown into energy beggars. what do you make of that? >> yeah, it really is, your previous section which talked more about national security really is important right now because by getting rid of our energy independence we're turning to countries that don't necessarily like us.
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opec plus includes russia. the saudis, we could question our friendship with them. certainly iran and venezuela are not our friends. we have an administration forgoing production in america an they are asking countries that do not like us to increase their production. this sounds like a foreign policy that was written by opec itself. neil: i still can't believe it because i was hoping, i'm sure you were, daniel, to other possibilities they were looking at like wind and solar but remove one that gave us the energy independence right off the bat, not simply along with those other energy possibilities it really doomed us. >> yeah. and the people who are suffering the most from this are those folks in rural america who work in the energy space. right? as we are not allowing drilling in alaska and new mexico and colorado and other places, people are losing their jobs. we see those numbers reflected in the employment numbers and the price of all food is going
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up. the price of agriculture is going up. the price of manufactured goods is going up so america is paying a real hefty price and if opec does change their tune, they start to increase, what will they do with the extra surplus funds? what will iran do with more money? they will not empower women. not give gays the right to marry. they will probably fund the terrorism in israel. we're asking countries with really nefarious intentions to increase their profit margins? we're telling americans just years ago producing as you just said, so much we were exporting to our allies we're asking americans to bear the brunt of this. this is a foreign policy fundamentally, an energy policy fundamentally unpatriotic. neil: one brokerage house, might be goldman, looking at possibility of 200-dollar oil within the next year. you get, working out the math on
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that. talking 12 to $15 a gallon gas. do you see that? >> i predicted 100-dollar a barrel oil by christmastime. i don't want my prediction to come true. i did it on this show actually, we're well on the way to that. it's a supply problem. the biden administration knows the price increases caused by a dwindling supply. they are asking our enemies to increase their supply. we could increase the supply here in america. deb haaland, secretary of interior stopped permitting on federal lands. she was ordering by a federal judge to renew the process. she simply refused to do so. there are no repercussions there. there is no one going after deb haaland. we're asking ourselves why are we punishing the american people and favoring our enemies? we see that in day-to-day delivery of gas, heating oil, food prices. americans are suffering. this administration could
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♪. ♪ never mind i will find someone like you, i wish nothing but the best -- neil: adele is out with announcement here. this one is kind of ticking me off. not the song that is playing on every radio across the country right now, but she is announcing one night only, a tv special, next month with oprah in which she will premier songs from 30,
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this latest album. that kind of hurts my feelings here because i thought she was going to debut them on this show. it could be a schedule conflict, it happens, i understand. joe piscopo with us right now whether i should be resentful? joseph what do you think? >> i think you should be so hurt. i think you should take a day off tomorrow to try to regroup because what adele goes out, she goes on national tv should be the cavuto show on fox business. i don't know what she was thinking, neil. i'm here to comfort you, my friend, i love it, relaying the comfort from your bruce wayne mansion office which i love. stunningly, so high-end. but this the fact she could get the number, 50 million of spotify downloads, breaking all these records, is it the whole distance things? it has been six years, what is it?
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>> it could be that. it could be that. and i didn't even know oprah, i don't want to insult the great oprah winfrey, is she still on tv? neil: yeah. >> yeah, you working literally 20, 2530 hours a week on the air. look what you have done to me? look at my screensaver. neil: [laughter] >> convinced me. i got it. i understand it. you will go on, if i was ever to go into the recording industry to write a song you know i would be on your show. neil: by the way, you laugh. you have a great voice. i am curious though, she has been on "snl" and, that is obviously a venue that a lot of stars use. you of course, an iconic figure from years back, what do you think of those venues stars are drawn to, including, including adele who likes to keep her distance from the public spotlight if she can. what do you make of that? >> a great forum on "snl" to
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sell records. neil: oh, sure. >> to sell downloads, whatever they do now digitally but to this date it really is you know. when you rock that room that, studio 8-h, talking about it last night on the radio. i was thinking, adele did great. but you know who really rocked that room better than anybody, the late great james brown. i was there to watch it. neil: i remember that i remember that. yes, you're right about that. while i still have you, my friend i did want to, you knew colin powell pretty well and he has now passed away but you got to see another side of him, right? >> great man and shoutout to my friend raymond chambers introducing me to colin powell. in my office here, seriously, neil a letter from colin powell, we did something called -- helped out at-risk children he asked me to guest, he couldn't make it to austin, texas, wanted me to go in. they introduced me to the crowd,
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colin powell can't make it today but here is joe piscopo. my god, look what he did. i worked so hard at that show for general powell. i danced. i sang. i played the drums. he said to me, joe, thanks. demonstrated your string and percussion prowess. thanks for putting me to shame. that was colin powell. he had a great sense of humor a decent individual, a grounded individual for all of his success. i got to know to work with him in the at risk community which is a mission of mine as you know. honored to know him. a decent, terrible, terrible loss. we need leaders like that neil. a great man. rest in peace, general powell. neil: i hear you my friend, thank you, joseph. always good to see you. joe piscopo remembering the late, great, colin powell. we'll have a lot more after this. hospital — your life is just as unique.
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♪ it's not about the money, money, money -- ♪ we don't the need your money -- neil: wait a minute, that's not an adele song. it does address the theme of the supply shortage and right now the white house's ina ability to address it or fix it is adding to the angst. hillary vaughn following everything from the washington. >> reporter: a new survey from the "wall street journal" finds these hiccups with the supply chain are actually having an impact on inflation. the survey finding that these supply chain bottlenecks are aggravating prices, and those
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prices will continue to go up saying bottlenecks in the supply chain and inflation are going to be problems that persist well into 2022. >> be contending with inflation, unemployment, we've got products sitting at ports and the taxes make us less competitive. you've talked about supply chain. we cannot begin to resolve our supply chain problem the we are not keating globally. >> reporter: there is money tucked into the infrastructure package, but the biden administration thinks those billions set aside can wait in spite of an immediate crisis, a crippled supply chain, keeping ships paralyzed off coast with s waiting to unload. transportation secretary pete buttigieg said yesterday he does not think congress should pass the hard infrastructure bill before the social spending package even though it does set aside $17 billion for ports to reduce congestion, remove bottlenecks and expedite
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commerce. secretary buttigieg also said these clogged ports is really a sign of president biden's chick success. economic success. >> if you think about those images of ships, for example, waiting at anchor on the west coast, you know, every one of those ships is full of record amounts of goods that americans are buying because demand is up, because income is up. because the president has successfully guided this economy out of the teeth of a terrifying resession. >> reporter: income is up and employment is down, but inflation is also up over 5% which means the 4% hourly wage increase for workers is being eaten up by inflation. people may be getting more money in their paychecks, but people are also paying way her if for everyday items. and, neil, secretary buttigieg has been on paternity leave for the past two months, and he facedded questions why he did not appoint an acting secretary this light of the supply chain crisis while he was out. instead, he deferred to his
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deputy to handle things. he made the point that even though he was out of the office on paternity leave, he was still taking calls, some of those calls even from the hospital. neil? neil: yeah, but how actively was he involved in addressing this, i guess we just don't know. to matt shea right now, national retail federation ceo. so much i want to get into with you on what individual retail thers are doing to spur interest, but they've also got the supply shortage to deal with themselves. how are they dealing with it? >> neil, good to see you and thanks for taking the time to have the conversation. i was at the, at that meeting at the white house last week that's been talked about quite a bit, the supply chain conversation with this stakeholder group. retailers, of course, as you though, i think there are two things happening here. one is what's happening on the supply chain over the longer term, intermediate to long term, the other, of course, is what's happening with the holiday season.
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and they're related but they're separate issues. when it comes to the supply chain broadly speaking, all of our members, certainly, and all of the other stakeholders who do this every day for a living know that the pandemic didn't create problems so much as it simply exposed existing weaknesses that need to be addressed. and that's one of the reasons we ought to do the infrastructure bill that would put money this all the places we need it if we really believe what we say when we talk about build back better. let's start with infrastructure. that should have been done months ago. it's bipartisan, people want to do it. that would help all of these issues. on the near term, retailers are doing everything they can. they always spend month and months and years getting ready for the holiday season. retailers are taking on new warehouse space, they're moving containers as quickly as they can, they've hired millions of workers in the last 20 months, so we'll be ready for the
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holiday season, but we need all the stake hollers also to be -- stakeholders also to be equally committed to solving the longer term challenges which we can do, but we have to start with getting this infrastructure bill done. we've been talking about it for years, this is the time to do it. neil: yeah. you a heard the transportation secretary, it's a demand issue. limited supply, the economy's booming, people are eager to get their hands on anything and everything. is it that simple? what do you think? >> i think it's a very complicated issue. and secretary buttigieg facilitated a portion of the meeting that we attended last week with the stakeholder groups, and i think that we need to take the administration at its word that they are committed to bringing all of us together ask not politicizing this, not making it about any one group, there's a role for everyone to play, the shippers, the shipping company, the ports, the terminal operators, the unions, all of the labor community that's involved here --
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neil: but could it be the fact that we rely too much on asia, specifically china, that so many of these goods -- not all, but a good of them come from china, and really dependent on them and this demand or whatever you want to call it is playing that out rather tragically? what do you think? >> well, i think certainly with regard to the ports, you know, the things that happen outside our border impact the way in which our supply chain operates. but even if all of these goods were here in the united states already and that would create issues of its own, the transportation issues would exist in many way -- cases. the labor shortages, the warehouse space, moving things around, getting the chassis we need to get those containers on trucks or to real heyeds -- railheads. so i think there's a role for everyone to play here, and we have to recognize that until we fix the covid problem, we've got issues with factories closing down in asia, we've got
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challenges with the empty containers trying to go back, so i think we all have to come together to talk about what makes sense, and there are a lot of good solutions here, but we can't solve it until we get everyone together to work on this problem. neil: good luck with that. matt shay. in the meantime, there is a more immediate deadline that we're watching around the spurt of halloween. let's go aishah hasnie on why that deadline is very, very important, specifically for democrats. >> reporter: well, democrats have a lot of kidlines coming up really, really fast. yeah, neil, you're right, it is crunch time. fourteen days away from the if halloween deadline. tensions are flaring here on the hill, and doubts are growing as to whether or not democrats can unify, come together and really get some of these deadlines met, very important deadlines. take a look at this, this is what democrats are contending with here, and let's focus at the top of this list. president biden's massive tax and social spending plan, that
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is one of the deadlines coming up here. moderates and progressives still don't have a price tag for this, that top-line number although president biden conceded last week, you know, it's not going to be that $3.5 trillion number anymore. they're also still nowhere close to figure thing out what their big social programs are going to look like. let's take medicare, for example. so this alone could cost hundreds of billions of dollars. senator bernie sanders is desperate to add dental, vision, eye information to this, he -- insurance to this, he says it's not negotiable. and now house speaker nancy pelosi told a local a affiliate last week she wasn't even sure they were going to get it in the bill. they'll get something of that, she said. so it looks like, neil, democrats are sort of bracing the public for yet another missed deadline. >> do you expect democrats will have a deal by the end of the month on the spending and tax
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plan known as human infrastructure? >> frankly, no, but we should certainly try to achieve that day. we're trying to do something enormous. this is the first time in history we're trying to do something enormous with razor thin majorities. >> reporter: and, neil, what also doesn't help is all these public fights that are happening. on friday senator sanners publish ared -- sanders published an op-ed in west virginia, and manchin hit back saying, quote: i will not vote for a reckless expansion of government programs. no op-ed from a self-declared independent socialist is going to change that. meanwhile, republicans are sitting back and watching this, and senator ron johnson said something like, you know, we're praying for this democratic gridlock. but, that'll, i don't think that they even need to pray because it seems like we're going to hit it. neil: yeah. they're not really moving the ball forward with. thank you very much, aishah
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hasnie. democrats have criticized senator johnson on that remark, that he was wishing for failure. right now it doesn't look good that they can get something together. that's when we cue in the money that is falling and raining down on capitol hill to illustrate the point that that's your money, and it's going fast. if scott, always love having you on. how bad is your party divided on this? when you have senators sniping at each other in their respective papers, is this out of control? >> i don't think it's out of control, but you never know when it's out of control if they can come together and get a deal cone. let's be real clear, there's no deadline. these are self-imposed deadlines. deadlines are important in the sense that at some point in time you've got to get it done versus being in perpetuity -- neil: what if you don't get it done this year, scott? would you be worried it has little likelihood of happening next year?
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>> i'm worried that it's too big and too many bills and these deadlines or not even getting it done this year is a real probability. remember, this is all about 2022, no matter how many democrats or republicans deny it. so i would be worried about that. but l bernie sanders and joe manchin, listen, hi grandmother used to say a hit man will holler. bernie sanders is right, west virginia is one of the poorer states in the union and are for many of the human infrastructure pieces of legislation that manchin won't vote for. is he voting for himself, or he holding back his vote for his constituents, and that's really what bernie sanders was talking about -- neil: he forgets as well that manchin represents a big coal-producing state here, and those interests are clearly put to the side in this measure. we can argue the particulars, i'm just curious what you make of the party really coming down hard on hand chin and kyrsten
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sinema of arizona simply because they don't want to spend so much. what do you think of that? >> yeah. but both of them have credibility. for example, sinema is a moderate. she's never really said what she wants. joe manchin says, listen, i'm a conservative democrat, i've got coal industry in west virginia, i'm not for this spending or, in his opinion, overspending. at the same time, he represents the poorest jurisdiction in the country, and his constituents could benefit from it -- neil: we talk about this recent requirement, you know, that when it comes to the child tax credit, for example, that there be a work provision there much like we had back in the days of bill clinton, a welfare to work strategy? what is so obscene about that? >> well, clearly other democrats who put in this legislation the need for that legislation have a real problem with it. but there again, i see that as being a really good negotiable point, if you will. both sides have to give up something in order to get to the
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finish line on this. and then joe biden, let me just say this, right? joe biden is no lbj. he needs to turn into an lbj right now, right? whether it's strong-arming or just dictating to the house and and senate members, the democrats -- neil: lbj had bigger numbers to work with, right? now, you might be right about the fact that lbj knew exactly what he was going to push -- >> and he knew where the votes were. neil: you're right about that. i'm just wondering where you think this goes here because if this implodes, you do have to wonder about the democrat prospects. i was talking to one democrat recently, i want to get your thoughts on this, scott, who said he quietly hoped it didn't happen because we don't want more spending and inflation that could come with it at this time. what do you make of it? >> you could headache that same argument under the trump administration where they blew a $300 billion gap.
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these entitlement programs are really important on the wake of covid-19. you could argue all of those things, but america is ailing. and america needs some remedies. and maybe the package isn't as big as 3.5 million, maybe it's 2th 1. maybe the infrastructure, which everybody agrees upon even though the progressive party, the dems, are holding out for that, maybe that's really what we need. but in the end, there's got to be some negotiation ask and good faith. they've got to come in at a smaller number, and maybe they go after the rest next year. because they're not going to control the house and senate in 2022 if they don't get something done, and they surely aren't going to win in 2024 if they continue this public in-fighting that people, the american people -- at least the majority of them -- voted for the democrats to get something done. i don't care how close the numbers are, you've got to figure out how to get it done. neil: and to your point, things can happen in an election year.
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>> exactly. and maybe the into it willments that joe manchin is so much against, maybe you take those for a couple of years, right? he doesn't want to do it because he knows how hard it is to undo it. but maybe the progressives say, okay, let's put this in for the next 2-5 years as opposed to 10 years, and let's fight like hell -- neil: he has every right to be leery of that because you know far better than i once something is in there, it's hard to remove. [laughter] >> well, he's not on your show debating me. if he were, i could see that. [laughter] neil: scott, good to have you. again, a lot of news we are following. the progress they're making or not, and reflecting on the life of colin powell, a republican this name only -- some used to say that makes him a rino, but it did make him a supporter of barack obama and the antithesis
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groups. >> i think musharraf made a very important statement over the weekend. he spoke to the pakistani people and said this form of extremism and terrorism has no place in pakistani society. he's an islamic leader who came out strongly and talked about his religion as a religion of peace and tolerance, and i think that was very impressive. and the indians took note of that. he's banned additional terrorist os, he's -- organizations, he's thousand arresting people, and he has said terror will no longer emanate from pakistani-controlled territory. neil: over the years a number of interviews with colin powell, particularly his concern about actions following words, even peaceful words we were hearing around leadership, various types in the middle east at the time we were building up our presence in afghanistan after the 9/11 attacks. ambassador john negroponte joining us right now reflecting on the life of colin powell. for those of you who probably are aware now, he passed away from covid at is the age of 84
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years old. the ambassador was a former director of national intelligence, former u.s. ambassador to the u.n., former u.s. ambassador to mexico, so much more, so who better to sort of step back and take a look at the meaning of colin powell. ambassador, he was always his own man. his biggest regret, apparently, was that, you know, speech looking at weapons of the mass destruction as the catalyst for our getting involved in the middle east. but he was going on the intelligence he knew at the time. what do you headache of his life and contributions -- make of his life and contributions? >> well, first of all, he was a wonderful man. i happen to have also been his deputy national security adviser when he was the advisor the advr under ronald reagan the last couple years of the reagan administration, is so i've known him since 1987. he was adored, revered by
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everybody he, everybody he touched this every career that he had either as a soldier or a national security official or as a diplomat and a statesman. i think if you were to highlight his career, i think definitely winning the first gulf war was probably his crowning achievement, and i think it was the last really clear cut victory that our military achieved on that kind of a scale. and he needs to be remembered for that. he needs to be remember for the powell doctrine which has held that you shouldn't get involved in these kind of conflicts unless you have a clear cut vision of what you want to accomplish, that you use overwhelming force and that you don't then get absorbed endlessly in postconflict situations in that particular country. so, i mean, he lived by his word on that with respect to the first gulf war.
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he -- you mentioned the intelligence failure and his appearance before the united nations in february of 2003. that was a mistake. he himself acknowledged it numerous times after the fact. neil: he did, indeed. ambassador, one thing that interested me is that over the years and then leading up to the, you know, collapse of afghanistan did you ever know how he felt not only about the time the, the length of time we were there, but the way it all ended? i'm sure he wasn't happy about it. >> you mean the outcome in afghanistan, i haven't had -- i never had a chance, i never had a chance to talk to him about that, i regret to say. i guess my last conversation with him was about six months ago. but we really didn't get into the substance of foreign policy, was just checking in. yeah. neil: the other thing that stood out about him, ambassador, is a lot of people identified him as
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just being republican but, of course, he did support barack obama in 2008 and again in 2012, was no tan of donald trump -- fan of donald trump. what did you headache of that, you know, counter-- make of that counterparty person in him? >> well, i, first of all, you know, i had a lot of -- when i was his deputy on the national security council, we had a lot of conversations about just about everything. and i never found colin to be a particularly partisan individual. he may have been a republican, but he wasn't hard core into politics really, and he was not even -- in some cases i'd say he wasn't even that comfortable with political type issues. and you see that really in the way he debated about whether to run for president or not. i think he had, i think he might have had a chance if he'd run
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back in the 1990s, but he decided not to, and he sort of said, well, i'm not that really comfortable with those, with that kind of a role or that kind of effort, and i'm not sure i have my heart in it. so i say that he just wasn't that partisan. neil: he did -- >> like a lot of americans, he votes for the person. i mean, we all do that. neil: you're right about that. but he did go out of his way to criticize donald trump here and to say that he was even a threat to democracy. he pointed out we have a constitution, and we have to follow that constitution, and the president has drifted away from it. he said certainly we cannot in any way support president trump this year. i mean, where did that bad blood come from? i mean, did they have, do you know, of any private dealings or -- >> no. i believe that, because i was exactly in the same place. i'm a republican, i was twice
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joined these efforts of national security officials to oppose mr. trump. i believe he felt he was making an objective statement. sorry to say that, but that's what i feel. and you remember the last thing he ever said about mr. trump was that the man lies. neil: yes. >> and colin felt that nobody was holding him, holding mr. trump sufficiently to account for that. so i think he's just speaking the truth as he saw it. neil: he was also critical of the january 6th uprising on capitol hill and then laid it at the feet of donald trump. just as this committee is looking into those events, how do you feel the warnings that colin powell had and whether they even come up in those hearings? >> i don't really know, to be honest with you. i also, you know, have my if own personal take on january 6th. i think if the capitol police had been a bit more effective at
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the outset, none of that might have happened. they didn't ask for help soon enough. i think muriel bowser and others were ready to help. it got a little messed up with the national guard and getting them in in time. that was both a political event, but it was also kind of an operational failure. neil: yeah. >> which could have probably been averted by just more professional, more competent dealings with the situation. neil: i think that's what they're looking into. ambassador, it's always an honor to have you and is remembering another bigger than life individual in the realm of -- >> a great american. absolutely great american. neil: indeed. >> thank you. neil: his own man. ambassador, thank you very, very much. we are keeping track of the markets. they're not really doing that much, but bitcoin, that is in and of itself is advancing here. it's not counting all the cryptothe currencies with it for the time being, but there was a development that actually becomes official tomorrow that
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just changed the game entirely. our charlie gasparino on that after. this advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com
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. neil: all right, we're keeping an eye on bitcoin, just within a stone's throw of record highs, 64,889 a coin back this april. not all the cryptocurrencies are going along for the ride for the time being, but a lot of this is excitement over an etf, exchange-traded fund, that will kick off tomorrow that believes in such futures. charlie gasparino following all this from the milken conference, better known as los angeles. charlie, how is this looking right now? [laughter] >> it's looking really good for bitcoin. we just -- i just spoke with a major crypto investor, longtime wall street figure, and mike's big into bitcoin, big into a lot of this stuff. he's an investor into ripple,
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believe it or not, which we may have later on today, the ceo on, and i asked him about what this means, having. a bitcoin etf. here's what he said to me. he goes, this is symbolically huge. this is a big symbolic step forward for the business because it's kind of going into haven street. once you've got an etf if, people can buy it, it could spread to retail a lot easier. his one critique of it, it's a futures product. and being a futures product is a little more risky, and it's a little more volatile the, and maybe that will quell some of the retail interest in it. but clearly, you know, it's a big step forward. and i'll tell you, i can't tell you if bitcoin's going to go to 100. a lot of people think -- 100,000, a lot of people think it will just because of some technical factors including the fact that people are holding it. so when it's not traded, there's
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some pressure, it builds pressure to rise there's not a huge float out there, and a lot of people want to get their hands on it. there's a all case here, clearly. but, you know, there's a lot of froth in all these crypto markets. but i will say this, if you want to know whether crypto's becoming mainstream, just come here at milken. i've not seen this much crypto stuff here. there are gatherings of really rich guys in different aspects of this conference. off site as well. novavax is going to speak at a private meeting. it's a company dedicated to crypto. he's going to speak at that tomorrow. this is building. so i can't tell you if the this is april 1999, you know, january 2000 or, you know, or hr. 2000 right -- march 2000 right before the internet bubble burst. but there is a lot of movement
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in this space, and you get the feeling it could go on for a while including that technical aspect where i say a lot of people are hoarding the bitcoin, and you have these positive developments. and the last time that happened, it doubled in price. that's why a lot of people are predicting 100,000, neil. back to you, and the people in l.a. say hello. i ran into a couple of your fans last night. you actually do have fans, believe it or not. neil: write down their names. thank you, hi friend, very much. [laughter] fancy milken conference going on in l.a. by the way, the process behind this etf offering, there are others lining up like planes at laguardia. we've got those that are looking to have funds of their own, i don't believe those are futures funds though. these are just plain if, you know, dabble in sort of a combination of various crypto
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plays. this is the pro shares is the one that's getting all the attention. it's a futures play, hence immediate approval by the sec. we'll have more after this. (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned. i order my groceries online now. shingles doesn't care. i keep my social distance. shingles doesn't care. i stay within my family bubble. shingles doesn't care. because if you've had chicken pox, you're already carrying the virus that causes shingles. in fact, about 1 in 3 people will develop shingles,
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with chase security features, guidance and convenience, banking feels good. chase. make more of what's yours. ♪ >> welcome back to coast to coast, i'm grady trimbleing in chicago where they are dealing with the same thing as small and large grocery stores all across the country, and that is bare shelves and limited selection not just in the meat section, but all throughout the store with pretty much every product category you can think of. this, of course, is because of the supply chain problems plaguing just about every industry in the united states right now. barb eastman helping a customer with happy to do. this is a problem you've been dealing with a lot more recently, and you've heard from distributers that it could continue for a long time. >> up until, you know,hem eithe,
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and it's not good for your customers. >> not at all. >> reporter: what are the companies making food doing differently going forward to try and fill up shelves? >> they're concentrate thing more on the products themselves. they're discontinuing the light items, you know, the off brands. >> reporter: and as we look around, it seems to be almost every category is hit. is that what you've noticed? are there some areas that are doing better than others? >> it's all the categories, and it rotates. next time it's cheeses and then they're out of it. it's really haphazard. >> reporter: tough time to be in the business after you've already had to raise prices. >> yeah. we hate doing that. we want our customers to feel comfortable with the prices, but we have to. >> reporter: yeah. so, nhis is one grocery store, but this is what's happening all over the country, unfortunately, right now. and as barb touched on, the supply chain issues we're hearing could continue into 2022
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which means this could become a familiar scene at grocery stores. neil: hope not but thank you very much for that, grady trimble. that would be distressing news for my next guest, part of the charitable effort to make sure people have plenty of food. it's a little oversimplified, but jean, hebb of the board of directors for the nyc mission society. the new york city mission society. where do things stand now? with these disruptions, jean, are you going to be able to even continue to function nearly as productively as you've been able to in the past? >> yes. well, thank you for having me. and, first, inflation is absolutely affecting philanthropy because when you have higher prices in the supermarkets, higher prices for fuel, higher prices for supplies and higher prices for rent, what that translates to is that
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people simply can't give as much to charity. and we're seeing a big rob here. neil: so when you say they can't give as much, are they giving at all? >> yes. well, what we've found is that most households are not giving the way they were giving. and according to a study done at indiana university's lilly family school of philanthropy, giving has declined over the past 20 years so that now only less than 50 of households are -- 50% of households are giving to philanthropy if, and this is lower than ever before. and so people are struggling. we are seeing those that make a lot of money are giving, and most of that money has been directed to covid relief efforts. what that means can -- neil: i'm cure juice, jean -- curious, when you say the
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wealthy are still giving, but they're the ones targeted for tax hikes and the rest. do you worry that they might not be giving as much now? >> that's correct. when taxes go up, people give less. when inflation goes up, people give less. and so we're looking at a situation where people really are going to have to open up their hearts and their wallets this holiday season because philanthropic giving is absolutely down. i live in new york city. i'm involved on eight charity boards. we see that fewer people are attending the charity galas because of the inflation. neil: all right. well, keep us posted, jean. you know, in the end sometimes a lot of charitable activities myself, i notice that right up existence the deadline is when the money just starts coming in. maybe that'll happen here. member of the board of directors at the new york city mission society. some news we want to pass
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along, apple is introducing a number of new products today, mac books and the like. the problem is getting the chips. after this. ♪ call me -- ♪ call me, call me any, anytime ♪♪ you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
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♪ neil: all right, well, forget the apple 13, apple's moving on with some big announcements to its mac book pros and air pods, all those goodies. kelly o'grady following it all. >> reporter: yeah, this has been a big day. tim cook stood in the middle of the dealed told us apple is focusing on mac ask and music. now, the big reveal so far has been the mac book pro, everyone's very excited that charging ports are back. but we've been focusing on how children won't get their toys this season, but we may need to prepare ourselves we won't get our tech giants either. consumers are asking can we expect any of these products anytime soon. not only is the global chip shortage impacting apple's a ability to manufacture the devices, but shipping delays are affecting delivery. now, depending on the model, we're seeing delays as late as
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end of november as you can see here, and on top of that crunch, bloomberg reported that apple hay decrease the number of iphone 13s it will make this year by 10 million units. >> apple and, you know, samsung and all these other kind of suppliers across the board, they're definitely seeing the challenges. we could see some fluctuation in some of the rumored or anticipated launches of some products that, you know, might be facing some component challenges, things getting stuff delivered in time. >> reporter: while the supply chain struggles may frustrate consumers, in an lists do think this is -- analysts do think this is temporary. demand is high and is expected to persist into the new year even as critics whether it's fair to customers that have already paid. but listen, neil, this isn't just an apple problem. in q3 2021, vendors struggled to meet demand, and experts are beginning to worry about the speed with which we expect
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technology to develop. so the fear is these product delays could necessitate making offerings altogether, but a lot of excitement coming out of this product launch. personally excited for that new mac book pro. neil: all right. kelly, thank you so much for that. my buddy, brett larson, is with us, fox news headlines 24/7 anchor. he takes his word, he walked by the apple store to check what's gown on. [laughter] i -- going on. i walked by the krispy kreme and that's what i check out -- >> 24 hours a day. neil: not a lot of apple products. what's going on. >> it's interesting, neil, we saw during the pandemic with so many people working from home, they needed laptops, they needed cameras, they needed tablets for their kids to access online education. all of that demand gobbled up all the resources, and you hix that with production if delays,
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because of covid people were literally not going to work in these factories, they are now out of chips. we've seen it with apple products, with we've seen it in the automotive industry. >> neil: i thought they were avoiding that, at least with the iphone 13 or making their own chips. i don't remember the details, but they were going to be immune from this. >> apple had stayed ahead of this for the most part. neil: right. >> even more so than samsung and google. but with the 13, i dare say i think demand was higher than they had anticipated -- neil: interesting. >> i know that they -- you know, they always make a large batch of them for starters so that they're ready on day one, but then what we have seen through time is literally one day to the next the availability will go there from you might be able to get this by the end of the month to now it's going to be the end of november. i ordered mine, and it is still delayed. i say -- neil: brett larson?
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you're brett larson! >> where is my iphone 13? [laughter] if you look right now on apple's web site -- well, you can't, because it's down, because they're in the middle of a key note presentation with their new products -- neil: i hate it when they do that. and by the way, when they say come back, never ready. >> it's never ready. why is this so delayed? the ipads are delayed, the apple watch, so far i've not heard of any shipping delays with the apple watch. this is going to be a problem that's going to carry -- neil: but there's a demand there. the enviable position of apple, there's a demand for the product, but, of course, there'll be less of a demand and maybe some anger if there's significant delays getting stuff to people, right? >> right. and we are also inching our way towards january which is the consumer electronics show when we expect the whole horse and pony show of all the new products. so it's going to be interesting because all these manufacturers, lg, panasonic, sanyo, sony, all of them are going to have to answer the question these new
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tvs, these new set-top boxes, all this stuff is great, is any of this actually going to be in the retail store by summertime? neil: i think this 5g thing is a big lie. i do. [laughter] and i have no proof of this, but i'm just thinking like, all right, they say, neil -- >> it feels like it's true. neil: you'll know it when you see it. and i'm looking, and i don't see it. >> we are seeing -- it stops and starts, you know? and it's, verizon is struggling a bit with their 5g network. they don't have a lot of bandwidth. , the mobile right now, i'm a t-mobile customer, they kind of led the pack. neil: yeah. >> and they have a tremendous amount of spectrum which has made it very easy for them to transition -- neil: what's the problem then? >> the problem is really the available spectrum space and the fact that we're quickly running out of it and that the 5g service, the really i high that
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verizon offers requires more and her and more cell phone towers. and cell phone towers is an overstatement. it's her of almost like a why tie if hot spot that you have to put on every block. neil: so when you see 5g pops up or you're in a 5g area or whatever and you -- is that not accurate? i mean, because i don't notice a difference. >> it is mostly accurate depending on what you're doing. if you are streaming video, it's going to stream a little bit faster. the t-mobile now has the 5guc which is the ultra capacity, and i did a speed test on it, and i got about 250 megabits down which sounds like i'm speaking gibberish -- neil: i have no idea what you're talking about. >> i think the potential is there. i think 5g, we are still one or two years -- neil: what? >> yeah, from really seeing the -- neil: i don't get past breakfast next week.
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[laughter] really? one or two years? >> i'm going to say one or two years before we have 5g saturation in the big cities. they're working on it, but it is slowing, a lot slower than it should be. neil: all right. well, we'll see -- >> the chip shortage is not going to help. neil: yeah. at least it's not a potato chip shortage. >> thankfully. neil: that would be lethal. >> horrible! neil: thank you, my friend, brett larson, expert on all things technology. he'll answer all your dumb questions which he gets exclusively on this show. we have a lot more coming up, stay with us. ♪♪
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because platforms this innovative, aren't just made for traders - they're made by them. thinkorswim trading. from td ameritrade. neil: well the dow might be struggling a bit. 9 other averageses are not. bitcoin doing find ahead of an etf tomorrow. big news there. charles payne there. charles: neil, thank you very much. hope you had a good weekend. good afternoon, everyone, i'm charles payne and this is making money. we're looking at a strong year-end rally. the stocks do stumble, wall street already blaming the retail investor. buy the dip or find a foxhole. you know my thoughts. we have a big line up. amc cares h shares have been moving much higher.
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